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Parke County

Learn about the people, housing, costs and businesses in Parke County County

Median Home$155,551
Median Rent$782/month
Population16,406
Leading IndustriesRetail · Professional Services · Transportation24% retail
Home Value Growth⬆⬆⬆+27.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners82% of occupied units
NotableAffordable Market$156k median home · lower cost than 66% of the country
Parke County
IN

Frequently Asked Questions

What are today's mortgage rates in Parke County?

As of today, the 30-year fixed mortgage rate for Parke County is approximately 7.119% (7.152% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Parke County
What is the median home price in Parke County?

The median home value in Parke County is $156k. The median monthly rent is $782. Annual property taxes average $713. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parke County?

Home values in Parke County have increased 27.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Parke County?

Based on a typical all-in ownership cost of $763/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parke County is $68k/year.

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What industries drive the economy in Parke County?

The largest employment sectors in Parke County are retail (24%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas